Morgan Stanley lowered the firm’s price target on U.S. Bancorp to $43 from $46 and keeps an Equal Weight rating on the shares after the bank lowered total adjusted revenue guidance for full year 2023 from $30B at the midpoint to $29.5B. The firm lowered its own 2023 revenue estimate to $28.8B after marking to market its estimates with Q1 results and updated guidance, noting that this flows through to a 24c, or about 5%, hit to its 2023 EPS estimate.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on USB:
- U.S. Bancorp price target lowered to $37 from $41 at Goldman Sachs
- U.S. Bancorp should see continued organic capital growth, says Stephens
- U.S. Bancorp sees FY23 revenue $28.5B – $30.5B , consensus $29.22B
- U.S. Bancorp sees Q2 revenue $7.1B – $7.3B , consensus 7.28B
- U.S. Bancorp reports Q1 EPS $1.16, consensus $1.12